Questions from Financial Accounting


Q: Beautiful America Transportation (BAT) began 2010 with accounts receivable,

Beautiful America Transportation (BAT) began 2010 with accounts receivable, inventory, and prepaid expenses totaling $58,000. At the end of the year, BAT had a total of $55,000 for these current asset...

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Q: Campbell Clinic, Inc., is preparing its statement of cash flows

Campbell Clinic, Inc., is preparing its statement of cash flows (indirect method) for the year ended March 31, 2010. Consider the following items in preparing the companys statement of cash flows. Ide...

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Q: You are evaluating two companies as possible investments. The two companies

You are evaluating two companies as possible investments. The two companies, similar in size, are commuter airlines that fly passengers up and down the West Coast. All other available information has...

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Q: Financial statement data of Greatland Engineering include the following items:

Financial statement data of Greatland Engineering include the following items: Requirements 1. Compute Greatlands current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal...

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Q: Comparative financial statement data of Bloomfield Optical Mart follow: /

Comparative financial statement data of Bloomfield Optical Mart follow: Other information: 1. Market price of Bloomfield common stock: $82.20 at December 31, 2010, and $52.96 at December 31, 2009....

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Q: Assume that you are considering purchasing stock as an investment. You

Assume that you are considering purchasing stock as an investment. You have narrowed the choice to DVR.com and Express Shops and have assembled the following data. Selected income statement data for...

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Q: Ethan Corporation accountants have assembled the following data for the year ended

Ethan Corporation accountants have assembled the following data for the year ended June 30, 2010. Prepare the operating activities section of Ethans statement of cash flows for the year ended June 30...

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Q: The annual report of Tri-State Cars, Inc., for

The annual report of Tri-State Cars, Inc., for the year ended December 31, 2010, included the following items (in millions): Requirements 1. Compute earnings per share (EPS) and the price/earnings r...

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Q: Antique Automobiles of Dallas, Inc., was formed on January 1

Antique Automobiles of Dallas, Inc., was formed on January 1, 2010. The following transactions occurred during 2010: On January 1, 2010, Antique issued its common stock for $440,000. Early in January...

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Q: Use Amazon.com, Inc. s consolidated statement of cash

Use Amazon.com, Inc. s consolidated statement of cash flows along with the companys other consolidated financial statements, all in Appendix A at the end of the book, to answer the following questions...

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